Remain bullish towards 1.1459 | 17 Juni 2020

17 Juni 2020, EUR/USD

Remain bullish towards 1.1459

Technical observation

EUR is still trading above the supportive zone 1.2334-1.1210 and as long as price is contained above this zone, we can only expect bullish movements. If you bought this pair within zone mentioned above after a rejection, remain long with your take profit at 1.1459 and stop loss at 1.1133. Should price penetrate above the line 1.1459 with a big green candle, remain long with EUR after a correction to the just broken line and a rejection at it. On the daily chart above, as long as price is contained above the zone 1.2334-1.1210, I only anticipate bullish movements. Short positions can only be expected below the zone.

Trade recommendation

Remain long with your take profit at 1.1459.

Imelda Maseno
Analyst of «FreshForex» company
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